07-05-2014, 12:09 PM
National Stock exchange
National Stock .pptx (Size: 206.22 KB / Downloads: 14)
Introduction
The Stock exchange is an organized
market for buying & selling of securities.
It is one of the important constituents
of capital market. The securities issued
through public issues are exchanged in
the stock market.
Meaning & definition
A stock exchange is a where
securities are traded. A stock exchange
is the market place that facilitates
the buying & selling of such securities.
Husband & Dockerary: “Stock exchange are privately organized markets which are used to facilitate trading in securities.”
Advantages
Wider accessibility
Screen based trading
Non- disclosure of the trading members identity
Transparent transaction
Matching of orders
Trading in materialized form
Disadvantages
Excessive speculation
Lack of professionalism in the functioning
Ineffective regulation of stock exchanges
Unethical practices
Periodical crisis
Absence of openness in the operations